The Conscious Contrarian

The Conscious Contrarian's avatar
The Conscious Contrarian
npub1lem4...y3sy
The Conscious Contrarian challenges conventional wisdom to uncover new, more attuned principles and perspectives for navigating the future.
Reading Andrew Ross Sorkinโ€™s โ€œ1929โ€ about the Black Thursday and the ensuing Great Depression. Two striking observations about the gold standard at the time: 1) The massive bubble and eventual bist actually happened on a gold standard, in other words Bitcoinersโ€™ assumption that hard money will simply fix everything may be too optimistic. Chat GPTโ€™s thoughts on the reasons below 2) Despite 1), gold of course massively outperformed during the crash, resulting in FDRโ€™s executive order to abolish private gold ownership. In that scenario Bitcoin ownership would arguably be far more difficult to abolish. Overall, itโ€™s a very good read with a lot of echoes with today. Curious about any more thoughts and insights! image